Lyondellbasell Industries N V Stock Price, News & Analysis

LyondellBasell reported a record net income of $2.1 billion or $6.13 per share for Q2 2021, driven by strong demand and tight market conditions. EBITDA reached $3.0 billion, marking a significant increase from previous quarters. The company generated $1.9 billion in cash from operations, allowing for a 7.6% increase in the quarterly dividend to $1.13 per share. LyondellBasell reduced net debt from $13.6 billion to $12.7 billion and plans to further decrease it by up to $4 billion by year-end. The outlook remains strong, with expectations for continued demand growth.

LyondellBasell (NYSE: LYB) will announce its second-quarter 2021 financial results on July 30, 2021, before market opens. A teleconference, hosted by David Kinney, will follow at 11:00 a.m. EDT to discuss the results. Presentation slides will be available during the call, and a replay of the call can be accessed from 1:00 p.m. EDT on July 30 through August 30, 2021. The company, a leading producer in the plastics and chemicals sector, continues to advance solutions for modern challenges and has been recognized on FORTUNE Magazine's list of the 'World's Most Admired Companies'.

LyondellBasell (NYSE: LYB) announced a quarterly dividend increase of $1.13 per share, marking a 7.6% rise from the previous quarter. This dividend will be paid on June 14, 2021, to shareholders on record as of June 7, 2021, with an ex-dividend date set for June 4, 2021. CEO Bob Patel emphasized the company's strategic investments that have strengthened earnings and expressed confidence in delivering consistent returns to shareholders, aiming for 11 consecutive years of annual dividend growth.

LyondellBasell (NYSE: LYB) announced that CEO Bob Patel will participate in a virtual fireside chat at the Goldman Sachs Industrials Conference on May 13, 2021, at 9:40 a.m. EDT. This event will be accessible via a live webcast, with a replay available within 24 hours. LyondellBasell is a leading producer in plastics and chemicals, known for its innovative solutions in diverse applications such as food safety and water supply protection. The company has been recognized on FORTUNE Magazine's list of the 'World's Most Admired Companies' for four consecutive years.

LyondellBasell (NYSE: LYB) advances the circular economy by initiating commercial production of virgin quality polymers from plastic waste at its Wesseling, Germany facility. This innovation transforms plastic waste into ethylene and propylene, used to create polypropylene and polyethylene. The company aims to reduce CO₂ emissions by 15% per ton by 2030 and produce two million metric tons of recycled or renewable polymers annually. Additionally, a pilot plant in Italy is developing molecular recycling technology, complementing their mechanical recycling efforts under the Circulen brand.

LyondellBasell Industries reported a strong performance for Q1 2021 with a net income of $1.1 billion and diluted earnings per share of $3.18. The company's EBITDA reached $1.6 billion, marking the highest quarterly results for both O&P-Americas since 2015 and O&P-EAI since 2018. Key drivers included strong consumer demand and tight markets leading to margin improvements. The Louisiana joint venture contributed $130 million in EBITDA. The company has also repaid $1 billion in debt year-to-date, focusing on strengthening its investment-grade balance sheet.

LyondellBasell (NYSE: LYB) will announce its first-quarter 2021 financial results on April 30, 2021, before the U.S. market opens. A webcast and teleconference discussing the results will take place at 11:00 a.m. EDT, hosted by David Kinney, Head of Investor Relations. Toll-free numbers for participation are provided for different countries. A replay will be available from 1:00 p.m. EDT April 30 until May 31, 2021. LyondellBasell is a leading producer in the plastics and chemicals sector, recognized for its contributions to advancing modern solutions.

LyondellBasell (NYSE: LYB) announced the launch of the Circulen product suite aimed at enhancing sustainability in consumer products. This initiative is part of its goal to produce 2 million metric tons of recycled and renewable-based polymers annually by 2030. The Circulen portfolio includes three categories: Circulen Recover, Circulen Revive, and Circulen Renew, which utilize recycled and renewable materials. The products are currently available in Europe and will expand to North America and China.